Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Crude production on 10 May was at least 800,000 b/d, according to officials from Tripoli-based National Oil Corporation (NOC), the highest rate since December 2014.
But, were it not for Germany’s Wintershall failing to pump crude at capacity despite there being no technical problems, the country’s overall output could be close to 1m b/d, NOC claims. Wintershall denies that it is responsible for any shortfall.
The increase in output in early May was due to the continued ramp-up of the country’s largest-capacity concession, the Repsol-operated Sharara fields, as well as the Eni-operated El Feel (Elephant) field, both in the southwest. These were joined by the 9 May resumption of output from the Baida field, operated by NOC subsidiary Agoco. Baida restarted with production of 10,000 b/d, according to an Agoco official. Agoco was planning to bring the field back onstream by the end of 2016. Its pre-Revolution capacity was 14,000 b/d. Overall output at the end of April and early May was 760,000 b/d (MEES, 5 May 2017). (CONTINUED - 1060 WORDS)